Rating based on 38 reviews


  • Payday loans up to $1,000
  • Low-interest starting from 24%
  • Repayment up to 32 days

In-page navigation

Ferratum homepage
Author Ferratum. Screenshot of Ferratum website.
[Accessed June 10, 2018]

About Ferratum

Ferratum has been around for a decade and has been serving their customers faithfully since then with affordable payday loans and great service.

Loans from Ferratum are ideally used on occasion for emergency expenses such as medical or dental bills, for fuel and car repairs as well as travel money. These quick loans can also be used to make important purchases, to tide you over during a particularly difficult month or for any short term need.

A transparent lender

Ferratum has listed all of their loan fees on their website and you can see exactly what a loan will cost you based on how much you lend. They do not charge any hidden fees and offer free direct debits on loan repayments.

Why they’re different

When compared to other payday loan provider, Ferratum is different because they have a set fee for their loans as opposed to an interest rate and separate loan establishment and ongoing account management fees as well as because they offer larger loan amounts up to $1,900.

Ferratum Services

Ferratum offers Australians short term loans that start from $100 for periods not exceeding 32 days. Their loans go up to $1,000 and are only available online.

Since Ferratum offers unsecured short term loans you can obtain the loan very quickly, usually within an hour of applying, and it can be done entirely online. Ferratum allows existing customers to easily apply for another loan by logging in to your account using your mobile number and unique pin code and requesting another.

No rollovers

While many people are afraid of taking out a payday loan because of all the negative press they get, you can rest assured that getting a loan with Ferratum is easier and safer.

Why? Simply because Ferratum does not offer rollovers which makes it impossible for the customer to spiral into a long term debt cycle they can’t get out of because of one, small personal loan.

One of the main reasons for Ferratum’s popularity among Australian is their quick loan turnaround times which are typically an hour or under. To get your loan all you have to do is visit their site and start your application.

Ferratum – Payday loan

  • Loan Type Payday loans
  • Interest Rate from 24%
  • Loan Amount up to $1,000
  • Repayment 16 days to 32 days
  • Decision 24 hours

Benefits of Ferratum

  • Payday loans up to $1,000
  • Interest rates starting from 24%
  • Repayment periods up to 32 days

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Ferratum offers Australians short term loans quickly, visit our website now

If you’re a new customer you will have to complete a full online loan application as well as provide some supporting documentation as required by Ferratum.

One of the reasons it’s so easy to apply for a loan from Ferratum is that they do not perform credit checks and that allow people to obtain bad credit loans. In order to qualify, you must be a citizen or permanent resident of Australia, be aged over 18 and provide supporting documentation to prove that you can afford to take out the payday loan.

You will need to provide your most recent bank statements to Ferratum along with your driver’s licence or proper identification.

Online loan application

Their online loan application is simple and easy to complete. This makes getting a fast loan with this lender easy and convenient.

It takes about 5 minutes to apply and you will automatically receive a response from their automated approval system letting you know if you’re approved. Once you’ve been approved you can expect to receive your cash on the very same day or in the case of after hour application on the next business day.

Get the bucks you need

We offer you loans from $100-$1900 on getting cashed up. We know that holidays can be expensive so can birthday and when you have an unplanned event that takes that money you have been saving for the perfect Birthday gift for your kid or your loved one. Don’t worry get cashed up all you have to do is apply for one of the loans that will suit you. You can have from 3 Months to 6 to repay your loan.  You can see the amount you would loan virus the amount you would pay back in rates.

We know the rush

We have designed an application that is simple and easy for you to fill out the bonus is that it only takes 4 minutes to fill out the full application. As soon as you have sent your application through and it has been processed you will hear back from us if you have been approved. The best part of all of this is that when you apply and you have sent in your application you could have your answer in an hour and your loan in your bank account. You can trust us and we will make sure that you get the best deals for your dollar.

man holding thumbs up

Ferratum is a trusted & reliable provider of payday loans

In our review, Ferratum adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

Ferratum is a registered credit provider in Australia: ACL 409512

Customer Reviews & Testimonials

November 2018

There are great ideas for birthday and Christmas presents on the site. Thank you for the ideas they will always come in handy.

Jono C
— Perth —

April 2019

Applied for my loan cash was in my account with in hours.

Shena T
— Sydney —

April 2019

Could not be more happy with the service that was given to me would recommend them to everyone.

Kirsten S
— Melbourne —

Ferratum Contact

Physical Address

  • 7/8 Welshpool Road, East Victoria Park Perth Western Australia 6101 Australia
  • Get Directions

Opening Hours

  • not available